WESTCHESTER HILLS GOLF CLUB: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: WESTCHESTER HILLS GOLF CLUB (EIN 13-1737042)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-08-08
IRS object ID: 201132209349300343
Schema version: 2010v3.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-08-08T15:41:35-04:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PKF LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	29 Broadway	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	100063201	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	131737042	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	WESTCHESTER HILLS GOLF CLUB INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	WEST	NameControl
Phone	9149485020	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	401 RIDGEWAY	AddressLine1
City	WHITE PLAINS	City
State	NY	State
ZIP Code	10605	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	RENEE DREXEL	Name
Title	OFFICER	Title
Date Signed	2011-08-04	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	2128678000	Phone

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	4919161	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.WESTCHESTERHILLS.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1913	YearFormation
State Legal Domicile	NY	StateLegalDomicile
Activity Or Mission Description	TAX EXEMPT CLUB ACTIVITIES	ActivityOrMissionDescription
Nbr Voting Members Governing Body	206	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	206	NbrIndependentVotingMembers
Total Nbr Employees	154	TotalNbrEmployees
Total Nbr Volunteers	20	TotalNbrVolunteers
Total Gross UBI	411296	TotalGrossUBI
Net Unrelated Business Txbl Income	-174365	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	0	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	3839626	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3500029	ProgramServiceRevenueCY
Investment Income Prior Year	3061	InvestmentIncomePriorYear
Investment Income Current Year	1116	InvestmentIncomeCurrentYear
Other Revenue Prior Year	975380	OtherRevenuePriorYear
Other Revenue Current Year	911471	OtherRevenueCurrentYear
Total Revenue Prior Year	4818067	TotalRevenuePriorYear
Total Revenue Current Year	4412616	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	3257206	SalariesEtcPriorYear
Salaries Etc Current Year	2571678	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	2330927	OtherExpensePriorYear
Other Expenses Current Year	2238799	OtherExpensesCurrentYear
Total Expenses Prior Year	5588133	TotalExpensesPriorYear
Total Expenses Current Year	4810477	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-770066	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-397861	RevenuesLessExpensesCY
Total Assets BOY	9508394	TotalAssetsBOY
Total Assets EOY	8932474	TotalAssetsEOY
Total Liabilities BOY	3574405	TotalLiabilitiesBOY
Total Liabilities EOY	3420518	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	5933989	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	5511956	NetAssetsOrFundBalancesEOY
Mission Description	TAX EXEMPT CLUB ACTIVITIES	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	TAX EXEMPT CLUB ACTIVITIES	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	true	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	13	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	154	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Excess Business Holdings	false	ExcessBusinessHoldings
Initiation Fees	-$10,100	InitiationFeesAmount
Gross Receipts	$537,128	GrossReceiptsAmount
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	206	NbrVotingGoverningBodyMembers
Number Independent Voting Members	206	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	THE CLUB	NamePerson
Telephone Number	9149485020	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	401 RIDGEWAY	AddressLine1
City	WHITE PLAINS	City
State	NY	State
ZIP Code	10605	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Highest Compensated EmployeeHighestCompensatedEmployee
MICHAEL J DALY
PRESIDENT	10.0	X	0	0	0
ROBERT CARLISTO
VICE PRESIDENT	10.0	X	0	0	0
KEVIN J KEANE
TREASURER	10.0	X	0	0	0
KEVIN SCULLY
SECRETARY	10.0	X	0	0	0
MARK T SHEEHAN
GENERAL MANAGER	50.0		143817	0	0	X
PETER WATEROUS
SUPERINTENDENT	50.0		126314	0	0	X
JASON GOBLECK
CLUB PROFESSIONAL	40.0		120000	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	390131	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	3	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (4 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
NEW YORK STATE SALES TAX
PO BOX 15172	ALBANY	NY	122125172	SALES TAX REMITTANCE	325298
CITY OF WHITE PLAINS
PO BOX 7035	YONKERS	NY	10710	REAL ESTATE TAXES	260241
CON EDISON
PO BOX 1701	NEW YORK	NY	10116	GAS/ELECTRIC	170940
CONTRIBUTION ACCOUNT INTL FUNDS
ATTN NY ATC TEAM PO BOX 6557	AURORA	IL	605980557	BENEFITS PROVIDER	124786

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	4	NumberOfContractorsGT100K
Total Contributions	0	TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
GOLF CART RENTALS	713910	159246	114176	45070
GUEST GREENS FEES	713910	268030	164455	103575
DUES AND ASSESSMENTS	713910	3072753	3072753

Field	Value	IRS element (for citing)
Total Program Service Revenue	3500029	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1116	TotalRevenueColumn
Exclusion	$1,116	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	1360796	GrossSalesOfInventory
Cost Of Goods Sold	506545	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	854251	TotalRevenueColumn
Related Or Exempt Function Income	591600	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	262651	UnrelatedBusinessRevenue

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	MISCELLANEOUS	Description
Total Revenue Column	57220	TotalRevenueColumn
Related Or Exempt Function Income	57220	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	57220	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	4412616	TotalRevenueColumn
Related Or Exempt Function Income	4000204	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	411296	UnrelatedBusinessRevenue
Exclusion	$1,116	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	0	Total

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	1894042	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	0	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	452882	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	224754	Total

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	48114	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	18997	Total

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	0	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	0	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	318005	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	510192	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	0	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	10254	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	47394	Total

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	549703	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	65236	Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal
INVESTMENT PROPERTY EXPENSE	142027
CONTRACTED SERVICES	122000
LEASE EXPENSE	76174
BAD DEBT EXPENSE	12000
LAUNDRY & UNIFORMS	14056

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	304647	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	4810477	Total

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	199762	BOY
EOY	24721	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	407462	BOY
EOY	502810	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	507696	BOY
EOY	542197	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	52575	BOY
EOY	45043	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	13965	BOY
EOY	13481	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	11896169	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	7002358	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	5415275	BOY
EOY	4893811	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	2911659	BOY
EOY	2910411	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	9508394	BOY
EOY	8932474	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	415464	BOY
EOY	466907	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	2708333	BOY
EOY	2508333	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	450608	BOY
EOY	445278	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	3574405	BOY
EOY	3420518	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	5933989	BOY
EOY	5511956	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	5933989	BOY
EOY	5511956	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	9508394	BOY
EOY	8932474	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-397861	ReconcilationRevenueExpenses
Reconcilation Other Changes	-24172	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amts		ArtPublicExhibitionAmts
Held Works Of Art Amts		HeldWorksOfArtAmts

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	850988	OtherCostOrOtherBasis
Book Value	850988	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	6498909	OtherCostOrOtherBasis
Depreciation	3035455	Depreciation
Book Value	3463454	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1405350	OtherCostOrOtherBasis
Depreciation	1231719	Depreciation
Book Value	173631	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	722709	OtherCostOrOtherBasis
Depreciation	440760	Depreciation
Book Value	281949	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2418213	OtherCostOrOtherBasis
Depreciation	2294425	Depreciation
Book Value	123788	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	4893810	TotalOfBookValueLandBuildings

Other Assets OtherAssets

Field	Value	IRS element (for citing)
Description	LIPPERT PROPERTY	Description
Book Value	2910411	BookValue

Field	Value	IRS element (for citing)
Total Book Value Other Assets	2910411	TotalBookValueOtherAssets
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
SPECIAL PURPOSE FUNDS	$70,956
DUES PAID IN ADVANCE	$144,601
VALUATION OF SWAP AGREEMENT	$229,721

Field	Value	IRS element (for citing)
Total Of Amounts	445278	TotalOfAmounts
Total Revenue	4412616	TotalRevenue
Total Expenses	4810477	TotalExpenses
Excess Or Deficit For Year	-397861	ExcessOrDeficitForYear
Other	-$24,172	OtherAmount
Total Adjustments	-24172	TotalAdjustments
Excess Or Deficit Per FS	-422033	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	4919161	TotRevenueEtcAuditedFinclStmt
Other Revenues	530717	OtherRevenues
Revenue Not Rptd F990	530717	RevenueNotRptdF990
Revenue Subtotal	4388444	RevenueSubtotal
Other Revenues Not Included	24172	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	24172	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	4412616	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	5341194	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	530717	OtherExpensesIncluded
Expenses Not Rptd F990	530717	ExpensesNotRptdF990
Expenses Subtotal	4810477	ExpensesSubtotal
Total Expenses Per Form990	4810477	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
COST OF GOODS SOLD	PART XII, LINE 2D	COST OF GOODS SOLD $506,545 RECLASS FROM EXPENSE.
COST OF GOODS SOLD	PART XIII, LINE 2D	COST OF GOODS SOLD $506,545 RECLASS FROM EXPENSE.
SWAP VALUATION	PART XI, LINE 8 AND PART XII, LINE 4B	LIPPERY SWAP VALUATION CHARGE OF $24,171 IS NOT EXPENSED ON RETURN

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
REVIEW PROCESS OF FORM 990	PART VI, SECTION A, LINE 10	THE FINANCE COMMITTEE WILL REVIEW FORM 990 BEFORE IT IS FILED.
MONITOR & ENFORCE COMLIANCE WITH THE CONFLICT OF INTEREST POLICY	PART VI, SECTION B, LINE 12C	At the start of a Board of Governors meeting, the Secretary of the Board asks all Members that are present as to whether they are aware of any Conflict of Interest. Their response is recorded in the minutes.
DISCLOSURE	PART VI, SECTION C, LINE 19	FORM 990 AND 990-T WILL BE AVAILABLE TO PUBLIC BY WRITTEN REQUEST TO THE TREASURER.
PROCESS TO DETERMINE COMPENSATION	PT VI, SECTION B, LINE 15	THESE MATTERS ARE DISCUSSED AND APPROVED BY THE COMPENSATION COMMITTEE